National exports increase by 7.8% and Imports decrease by 5.3% during the first nine months of 2019

The monthly report issued by the Department of Statistics indicate that the value of total exports reached JD.4355.9 million during the first nine months of 2019 [i.e., an increase by 8.1% compared with the same period of 2018]. Meanwhile, the national exports value reached JD.3686.6 Million during the first nine months of 2019 [i.e. an increase by 7.8% compared with the same period of 2018]. The value of re-exports reached JD 669.3 million during the first nine months of 2019 which indicates an increase by 9.4% as compared with the same period of 2018. The imports value reached JD.10099.0 million during the first nine months of 2019, thus decreasing by 5.3% compared with the same period of 2018.

The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has reached JD.5743.1 million therefore, the deficit has decreased during the first nine months of 2019 by 13.4% compared with the same period of 2018. The imports coverage by total exports has become 43.1% during the first nine months of 2019, while it was 37.8% for the same period of 2018, which means an increase by 5.3 percentage points.